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Nearly 2,000 drug plants are overdue for FDA checks after COVID delays

2024-09-07 00:00:00

WASHINGTON (AP/UNB) - Federal regulators responsible for the safety of the U.S. drug supply are still struggling to get back to where they were in 2019, before the COVID-19 pandemic upended factory inspections in the U.S. and across the world,...

Ctg Police Plaza Merchant Association execs resign

OUR CORRESPONDENT | 2024-09-07 00:00:00

The executive members of the Police Plaza Merchant Association in Chattogram resigned after traders of the association alleged that its president ARM Shamim Uddin misappropriated Tk 24 million.Accepting the allegations against him, Shamim Uddin also submitted his resignation and said...

BD holds ‘incredible potential’ in agriculture, transforming rural communities: IFAD

2024-09-07 00:00:00

IFAD's newly appointed Country Director for Bangladesh Dr Valantine Achancho has said Bangladesh has "incredible potential" when it comes to agriculture and transforming rural communities, reports UNB. "I am excited to collaborate with the government, our partners, and local communities...

AmCham seeks review of tax structure to grow biz

REZAUL KARIM | 2024-09-07 00:00:00

The American Chamber of Commerce in Bangladesh (AmCham) offers a set of suggestions like re-evaluation of and reduction in customs duty/tax structure without delay for the sustenance of business entities.It also recommended collection and dissemination of timely and accurate data,...

News in Brief -2024-09-07

2024-09-07 00:00:00

Kenya school dorm fire kills 17 childrenENDARASHA (Kenya), Sept 06: At least 17 young children were killed in a fire that ripped through their primary school dormitory in central Kenya overnight, with initial reports Friday indicating it was overcrowded in...

Russia to impose restrictions on US media over RT row: Kremlin

2024-09-07 00:00:00

MOSCOW, Sept 06 (AFP/Reuters): Russia will impose domestic restrictions on US media outlets in response to Washington's sanctions on Russian state-funded news network RT, the Kremlin said on Friday.The United States indicted two RT employees and slapped its top editors...

Thailand swears in Shinawatra heiress as youngest PM

2024-09-07 00:00:00

BANGKOK, Sept 06 (AFP): Paetongtarn Shinawatra, the heiress of Thailand's most famous political dynasty, was sworn in as prime minister on Friday, capping a month of turmoil in which her predecessor was thrown out of office and the main opposition...

'Impartial force' must be deployed to Sudan: UN experts

2024-09-07 00:00:00

GENEVA, Sept 06 (AFP): Flagrant rights violations by Sudan's warring parties require the deployment of an "independent and impartial force" to protect millions of civilians driven from their homes, UN experts said Friday.An independent fact-finding mission uncovered "harrowing" violations by...

Israeli troops leave West Bank’s Jenin with Gaza talks deadlocked

2024-09-07 00:00:00

JENIN, Palestinian Territories, Sept 06 (AFP): Israeli forces appeared to be winding down a deadly 10-day raid in a flashpoint city in the occupied West Bank on Friday, as key ally Germany warned against treating the territory like Gaza.There was...

11 civilians killed in Myanmar junta air strikes

2024-09-07 00:00:00

BANGKOK, Sept 06 (AFP): Myanmar military air strikes in northern Shan state killed 11 civilians and wounded 11 more, a spokeswoman for an ethnic minority armed group battling the junta told AFP on Friday.The junta is battling widespread armed opposition...

Nurturing Financial Inclusion Strategies to empower MFIs

Murshed Alam Sarker | 2024-09-07 00:00:00

Once, banks catered exclusively to well-off entrepreneurs, with their doors hardly accessible to those most in need of financial resources to build a better future. This left small investors and farmers at the mercy of local moneylenders, known as 'Mohajon,'...

Lotus and red water lily stand out against whiteness of Sharat

Nilratan Halder | 2024-09-07 00:00:00

Whiteness above and whiteness below that is what Sharat or Autumn is all about. In popular perception the floating clouds like scattered clusters of snowy cotton in the sky and sheuli (night-flowering jasmine) together with undulating catkins below stand out...

Airbus posts lower deliveries, wins bumper order from private customer

2024-09-07 00:00:00

PARIS, Sept 6 (Reuters): Airbus deliveries fell in August after a sharp spike in the previous month, the European planemaker said on Friday, a decline which analysts said leaves it with the task of achieving solid year-on-year growth to meet...

India's fuel demand falls 2.6pc in August

2024-09-07 00:00:00

India's fuel demand fell 2.6 per cent in August compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Friday, reports Reuters.Consumption of fuel, a proxy for oil...

Wheat, corn and soy slip after rally but all head for weekly gains

2024-09-07 00:00:00

Chicago wheat, corn and soybean futures eased on Friday as traders decided that a fortnight-long rally which lifted prices from near four-year lows has left the contracts over-valued amid plentiful supply, reports Reuters.All three crops were nevertheless on track for...

Gold drops from near-record level

2024-09-07 00:00:00

Gold prices eased on Friday, retreating from near-record levels reached earlier, after mixed US jobs data cast doubts on the scale of interest-rate cut from the Federal Reserve this month, reports Reuters.Spot gold fell 0.3 per cent to $2,509.35 per...

EDOTCO Bangladesh teams up with BAF for relief distribution

2024-09-07 00:00:00

EDOTCO Bangladesh, the country's leading digital infrastructure provider, has partnered with the Bangladesh Air Force (BAF) to extend critical relief support to flood-affected communities in the Feni, Noakhali, and Cumilla districts, says a press release. As part of the company's...

Oil pares gains after US jobs data, heads for weekly drop

2024-09-07 00:00:00

LONDON, Sept 6 (Reuters): Oil pared gains on Friday after data showed US employment increased less than expected in August, and was on track for a heavy weekly loss as demand concerns outweighed a delay to supply increases by OPEC+...

Historic victory over Pakistan

2024-09-07 00:00:00

Have we forgotten the Test cricket match between Bangladesh and Pakistan held in Multan in 2003? We still remember that match vividly. Although Bangladesh had the potential to win, they ultimately lost. It was Inzamam-ul-Haq, the ace Pakistani batsman who...

Ensuring greater financial inclusion

2024-09-07 00:00:00

A significant portion of the population remains unbanked due to the perceived complexity and apprehension associated with initiating banking relationships, particularly in rural areas. For emerging entrepreneurs, securing bank loans is arduous due to exorbitant interest rates and the collateral...

When intellectuals work as lackeys of autocrats

Tanim Asjad | 2024-09-07 00:00:00

The dark side of a number of so-called progressive intellectuals of the country has already been exposed. Over the years, they supported the misdeeds of the Hasina regime and never raised any question about various oppressive steps taken. They were...

Sustaining wind of change at country’s airports

2024-09-07 00:00:00

Bangladesh's main gateway of entry and departure of international air traffic, the Hazrat Shahjalal International Airport (HSIA) in Dhaka, had never been a friendly and welcome place for airline passengers and visitors until recently. In fact, the hours of delay,...

Will the economy rebound after the mass upsurge?

M M Mahbub Hasan | 2024-09-07 00:00:00

Sixteen years ago, the national budget of Bangladesh in the fiscal year 2008-2009 was only Tk 99,962 crore. The five-figure budget announced by then one-eleven caretaker government was increased by the Awami League government in Tk. 797,000 crore from 2009-2010...

INAUGURATION CEREMONY OF BAGERHAT BRANCH OF MODHUMOTI BANK

2024-09-06 12:00:00

Modhumoti Bank inaugurated its 51st branch at Bagerhat on Thursday. Humayun Kabir, chairman of the board of directors of the bank inaugurated the branch through a virtual platform. Salahuddin Alamgir, chairman of the executive committee of the board of directors...

PayPal pushes into in-person payments with cashback rewards

2024-09-06 00:00:00

LONDON, Sept 05 (Reuters): PayPal is expanding into US point-of-sale payments by integrating its debit card with Apple's mobile wallet and offering cashback rewards, as the global online payments giant seeks direct competition with tech companies and banks.The bid to...

Amazon plans $5b of small-ticket exports from India in 2024

2024-09-06 00:00:00

NEW DELHI, Sept 05 (Reuters): Amazon Inc plans to export about $5 billion of small-ticket items from India this year, up from nearly $3 billion in 2023, supplying markets such as the United States and Britain, a company official said,...

Volvo gives up plan to sell only EVs by 2030

2024-09-06 00:00:00

BEIJING, Sept (BBC): Car company Volvo has abandoned its target to produce only fully electric cars by 2030, saying it now expects to be selling some hybrid vehicles by that date.The carmaker blamed changing market conditions for its decision to...

Reliance Inds approves bonus share issue in 1:1 ratio

2024-09-06 00:00:00

BENGALURU, Sept 05 (Reuters): India's Reliance Industries, the country's most valuable company, on Thursday approved a one-for-one issue of bonus shares and recommended an increase in authorised share capital.The board recommended an increase in authorized share capital to 500 billion...

India, Singapore sign deal to cooperate on semiconductors

2024-09-06 00:00:00

NEW DELHI, Sept 05 (Reuters): The leaders of India and Singapore on Thursday signed an agreement to partner and cooperate in semiconductors, in a deal aimed at giving Singaporean firms a greater role in supply chains in the Indian market,...

Asian markets rebound from sell-off but US data keeps traders wary

2024-09-06 00:00:00

HONG KONG, Sept 5 (AFP): Asian markets bounced on Thursday after the turmoil of the previous day as traders assess the outlook for US interest rate cuts after another set of below-par data put extra focus on the upcoming jobs...